Noho Inc. (OTC:DRNK) was one of the companies that came into focus in a big way on Tuesday following a key announcement from Smog Armor, its business unit. It could be a good idea for investors to take a closer look at the announcement.
Smog Armor unveiled Monarch Carbon Solutions LLC yesterday and provided details of the latter’s objectives. It was revealed that Monarch Carbon would be involved in the construction of a 56,000-square-foot advanced facility in Casa Grande, Arizona, meant for the development of state-of-the art carbon capture technologies and sustainable building solutions.
In the news release, it was noted that the facility would be designed in such a way as to capture the power of direct air capture technology, which could extract carbon dioxide from the atmosphere and then integrate it into the concrete products manufactured at the facility. Additionally, owing to the power provided by the advanced CaptureCrete technology, the products would also be able to capture carbon dioxide throughout their life cycles. Hence, the products would go on to have a major long-term impact on the environment and solidify the commitment of Smog Armor to deploy advanced technologies for the protection of the planet.
In the news release, Smog Armor noted that Monarch Carbon had attained a position from which it could help in converting captured carbon into valuable carbon credits. Such a business model would help in combining the noble purpose of environmental protection with hard financial incentives. It went on to note that the business model that it had put in place would not only help in cutting down carbon emissions but also lead to economic growth in a meaningful way. It would not only deliver on the environmental front but would also help in delivering value to shareholders.
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